Naira stabilizes as DSS raids BDC outlets in Abuja

The recent raid of Bureau de Change outlets by the men of the Department of State Services, DSS, may have finally paid off, as the open market in Abuja has maintained the N400 to a dollar mark set for dealers.

Officers of the DSS last week, raided major Bureau de Change offices in Abuja in an a [...]

Fri, 11 November 2016

2017 budget in its final stage of preparation – Udoma

The Minister of Budget and National Planning, Sen. Udo Udoma, has assured that the 2017 national budget will soon be presented to the lawmakers for approval, as the document is in its last stage of preparation.

Reacting to the perceived setback in the budgeting process as expressed by some Nige [...]

Fri, 11 November 2016

Ongoing infrastructural investment will yield economic growth - Osinbajo

Vice-President Yemi Osinbajo, has said the Buhari administration is convinced that its huge investments in infrastructure would translate into economic growth for the country, as there is always a positive relationship between infrastructure and growth in any economy.
Speaking at the African Dev [...]

Sat, 05 November 2016

Economic recovery plan to check govt spending

The federal government has said its national economic recovery plan for the next three years, would among other things, guide the country’s economic management and budgeting process over the short to medium-term.
Minister of State for Budget and National Planning, Hajia Zainab Ahmed, who a [...]

Sat, 05 November 2016

Proposed $30bn external loan has better repayment arrangement - DMO

The Debt Management Office, DMO, have said the repayment arrangement for the $29.9billion external loan proposed by President Muhammadu Buhari is more convenient compared to previous loans.
Director General of the debt office, Dr. Abraham Nwankwo, while providing clarifications on the latest for [...]

Sat, 05 November 2016

Pension assets rise by N100bn in 3months

Approximately N100billion was generated in the country’s Contributory Pension Scheme, CPS, in a single quarter, thereby increasing its total assets to N5.9trillion as at the end of September 2016.
The latest figure disclosed by the National Pension Commission is an increase over the N5.8tr [...]

Sat, 05 November 2016

NASS to scrutinize account books of revenue generating agencies

The National Assembly has asked for detailed breakdowns of all revenue generated by agencies of government in 2016, to enable them assess budget performance in the year. 
Chairman of the Senate Committee on Finance, Sen. John Enoh, last week, directed the Accountant-General of the Federatio [...]

Sat, 05 November 2016

Expert calls for review of nation’s tax policy

The chairman, Kwara State Internal Revenue Service, KWIRS, Dr. Muritala Awodun, has said that Nigeria will be great if current tax policy in Nigeria is review to ensure more tax revenue is derived from wealthy individuals and corporate organizations to fund development projects and infrastructures.

Sat, 29 October 2016


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